Edible Insects for Animal Feed Market is Expected to Reach $873.6 Million by 2026

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OVERVIEW

Edible Insects for Animal Feed Market was valued at USD XX million in 2019 and is expected to reach USD 873.6 million by the end of 2026.

Bizlytik analysts forecast the global Edible Insects for Animal Feed market to grow at a CAGR of 20.8% during the forecast period, according to their latest market research report.

In terms of volume, the Edible Insects for Animal Feed Market was valued at XX K MTin 2019 and is expected to garner XX K MTby 2026; witnessing a CAGR of 20.4% from 2020 to 2026.

Edible insect feed has come up as alternative protein sources to conventional animal nutrition feed products, with substantial amounts of vitamins and amino acids also present in the insect feed for strong sustenance and nourishment among animals. The
The edible insect feed for animal consumption has gained significant traction in the last few years owing to the high nutritional content that is advantageous towards the healthy growth of livestock and poultry. The edible feed also acts as substitutes to prevalent aquafeed products, enabling an increase in aquaculture production. The growth in investments to improve manufacturing capabilities would provide additional opportunities for market expansion in the coming years.

Raw, Dried, Steam, Fried, and Frozen feed are covered in the Type segment of the market scope, while the Application segment is categorized into direct and Indirect. The report covers the value and volume of the global market by Type and Application, with the volume expressed in K MT.

The volume of indirect segment by Application was XX K MT in 2019, and it is expected to reach XX K MT by 2026, growing at a CAGR of 7.1% during 2020-2026. The ease in the digestion of feed when it is thoroughly mixed with regular animal diet would improve growth prospects of the segment during the forecast period.

North America, Europe, Asia Pacific, South America, and Middle East & Africa are taken into consideration while arriving at the global volume and value figures. While North America is further categorized into the United States, Canada, and Mexico, Europe is split into the United Kingdom, Germany, France, Italy, and Rest of Europe. Asia-Pacific covers India, China, Japan, South Korea, and Rest of Asia Pacific in its scope. South America is bifurcated into Brazil, Argentina, and Rest of South America, with Middle East & Africa involving GCC Countries, Egypt, South Africa, and Rest of Middle East & Africa.

Asia-PacificEdible Insects for Animal Feed market was XX K MT in 2019, and it is expected to reach XX K MT by 2026, growing at a CAGR of XX% during 2020-2026. The presence of a healthy cattle population and a booming poultry industry would propel the demand for edible insect feed with high protein content.

The Edible Insects for Animal Feed market is moderately fragmented, with several global players vying with local vendors for substantial market share in terms of volume and value. The expansion of business opportunities through new funding and strategic partnerships and extension of manufacturing capabilities through the opening of new production facilities are the business strategies followed by the top players.

Ÿnsectis one of the most significant companies of the global Edible Insects for Animal Feed Market in terms of production volume, with Entomo Farms and Proti-Farmamong many other vendors to hold substantial market share by volume and value.